Wolfie Waves Goodbye

Posted on May 17, 2007

Paul Wolfowitz will resign as president of the World Bank, effective June 30. He continued to insist that he behaved ethically while arranging a major raise for his girlfriend, but an internal investigation at the bank found otherwise.

AP via NY Times:

Embattled World Bank President Paul Wolfowitz will resign at the end of June, his leadership undermined by the generous compensation he arranged for his girlfriend.

His departure was announced late Thursday by the World Bank board.

Wolfowitz’s departure ends a two-year run at the development bank that was marked by controversy from the start, given his previous role as a major architect of the Iraq war when he served as the No. 2 official at the Pentagon.